Achieving Paris Goals To Upend Markets
(WoodMac, 15.Apr.2021) — If the world acts decisively to limit global warming to 2°C by 2050, the scale of change will revolutionise the energy industry. Progressive electrification will squeeze the...
LatAm Briefs: Health Workers Protest In Argentina
(Energy Analytics Institute, 14.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Labor Ministry issuing a mandatory conciliation between oil workers and companies, companies in Argentina...
EU Commissioner Blasts Brazil Climate Pledge
(Reuters, 14.Apr.2021) — The European Union's top environment official told Brazil on Wednesday that the South American country's updated climate pledge "sends a bad signal" by only committing to reaching...
Pemex’s Lazaro Cardenas Refinery Off-line
(Reuters, 13.Apr.2021) — Petroleos Mexicanos (Pemex) said on Tuesday the Lazaro Cardenas oil refinery it operates in the eastern city of Minatitlan is out of service after a fire last...
Total, Siemens To Reduce LNG Related Emissions
(Total, 13.Apr.2021) — Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and...
LatAm Briefs: Lasso Wins Run-off, Ecuador Oil Output
(Energy Analytics Institute, 13.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Guillermo Lasso Mendoza winning Ecuador’s run-off election and Andean oil producer Ecuador pumping around 495,438...
APA Names New Senior Exploration VP
(APA Corp., 12.Apr.2021) — APA Corporation today announced Tracey K. Henderson has been appointed Senior Vice President, Exploration. Henderson joins APA from Kosmos Energy, where she served as Chief Exploration...
Equinor Sees 1H:21 Peregrino Restart
(Reuters, 12.Apr.2021) — Equinor’s Peregrino oilfield off the coast of Brazil is on track to restart in the first half of this year following several delays, a spokesman said on...
Petrobras Shareholders Pave Way For New CEO
(Reuters, 12.Apr.2021) — Shareholders in Brazil’s Petrobras voted on Monday to remove Roberto Castello Branco as CEO, and elected his government-picked successor to the board of directors, but discontent among...
Total, CNOOC Reach Deals On Uganda, Tanzania Projects
(Reuters, 12.Apr.2021) — French major Total said on Monday and its partners have concluded final agreements to launch the Lake Albert resources development project in Uganda and Tanzania. Total and...
At Petrobras, A ‘Spartan’ Military Man Takes The Reins
(Reuters, 12.Apr.2021) — For many investors, the appointment of former army general Joaquim Silva e Luna as the new chief executive of Brazil's state-run oil company Petrobras was unexpected -...
Cascadura Deep-1 Well Test Confirms Liquids Rich Natural Gas
(Touchstone, 12.Apr.2021) — Touchstone Exploration Inc. announces the completion of flowback testing of the Cascadura Deep-1 well, confirming a liquids rich natural gas discovery. Touchstone has an 80 percent operating...
Suriname Energy Summit: 1-3 June 2021
(Energy Advance, 12.Apr.2021) — The Suriname Energy, Oil & Gas Summit (SEOGS) will be hosted virtually from 1-3 June 2021. The inaugural SEOGS hosted by Staatsolie is the official event for Suriname’s nascent hydrocarbons sector...
Vaca Muerta Faces Production Decline
(S&P Global, 12.Apr.2021) — Argentina's oil and natural gas output could begin to fall in the next few days if protesting health workers and truckers continue to block access to...
Ecuador Bonds Rally As Millionaire Banker Wins Ecuadorian Presidency
(Bloomberg, 11.Apr.2021) — Ecuadorean bonds rallied after career banker Guillermo Lasso won the presidential election with a late surge in support, reassuring investors in the default-prone country and shoring up...
‘Triple Pandemic’ Devastating Ecuador’s Amazon Communities
(El Pais, 9.Apr.2021) — The fuel that flowed into the Napo and Coca rivers in the northeastern rainforest of Ecuador more than a year ago caused a humanitarian and ecological...
Ecopetrol Files Form 20-F (2020)
(Ecopetrol, 9.Apr.2021) — Ecopetrol S.A. announced the filing of its annual report under Form 20-F for the fiscal year ended 31 December 2020 with the U.S. Securities and Exchange Commission (SEC)....
Fitch Revises Citgo’s Outlook To Stable
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at 'B' and CITGO Holding (Holdco) at 'CCC+', Opco's senior secured term loans,...
Venezuelan Oil Flow Recedes
(Argus, 8.Apr.2021) — Venezuelan crude production fell back in early April after state-owned PdV diverted limited diluent and light crude from Orinoco heavy oil operations to its recovering refining sector....
Nabarima FSO Completes Oil Offloading
(Reuters, 8.Apr.2021) — A floating facility off the Venezuelan coast has finished offloading crude stored in it for the past two years due to U.S. sanctions, paving the way for...
Petrobras Pushes Back Mero-1 Start-Up
(Petrobras, 7.Apr.2021) — Petrobras informs that the production expected to start from Mero 1, through FPSO Guanabara, was postponed from the 4th quarter of 2021 to the 1st quarter of...
Ethiopia To Continue Filling Disputed Dam
(Bloomberg, 7.Apr.2021) — Ethiopia plans to proceed with the second phase of filling a giant dam on the main tributary of the Nile River, as it dismissed calls to bring...
Petrobras Boosts Investments In Northern Brazil
(Petrobras, 6.Apr.2021) — Petrobras announces that it signed agreements with BP Energy do Brasil Ltda (BP) to take over BP's entire stakes in six blocks, located in ultra-deep water in...
Colombia Oil Workers Join Anti-Fracking Campaign
(Reuters, 6.Apr.2021) — Colombia’s largest oil union has joined anti-fracking activists to oppose the development of non-conventional energy deposits and demand a quicker transition to renewable energy, campaigners said on...
LatAm Briefs: Venezuela’s 7+7 Quarantine, Elections In Peru
(Energy Analytics Institute, 5.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Venezuela’s President Nicolas Maduro announces the start of another 7+7 quarantine rotation and Peru eyes...
Petrobras To Boost Natural Gas Price For Distributors
(Petrobras, 5.Apr.2021) — Petrobras informs that as of 1 May 2021, the natural gas sale prices for distributors will increase, by 39% in R$/m3, in relation to the last quarter....
LatAm Briefs: Biking Cuts Emissions, Reficar Case Ruling
(Energy Analytics Institute, 4.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: biking reducing transport emissions by 67% and Colombia’s comptroller general preparing a tax ruling for...
More Pain For Trinidad’s Gas Sector
(Trinidad Express, 2.Apr.2021) — A new wave of natural gas pain hit Trinidad and Tobago yesterday. The pain came when the country’s largest producer of methanol, the Switzerland-headquartered Proman group,...
LatAm Briefs: Mendoza Province Asset Grab, Ecuador Elections
(Energy Analytics Institute, 2.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Mendoza taking back an area in the Neuquina Basin from a Medanito subsidiary and Ecuador...
Petrobras Adopts Cautious Fuel Price Approach
(Petrobras, 2.Apr.2021) — Petrobras, regarding the pieces of news published in the media, clarifies that it chose to adopt a more cautious approach in January 2021 and accelerated the fuel...
LatAm Briefs: Point Lisas’ Slide, Añelo Petrol Station
(Energy Analytics Institute, 1.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: halting the slide a Point Lisas in Trinidad and YPF inaugurating a new petrol station...
Petrobras Reports Rise In S-10 Diesel Sales
(Petrobras, 1.Apr.2021) — Petrobras informs that in March it recorded total diesel sales in the amount of 791 thousand bpd, representing growths of 35% and 17% when compared to sales...
Petrobras Completes Health Plan Transition
(Petrobras, 1.Apr.2021) — Petrobras, following up on the release disclosed on 29 April 2020, informs that the transition of Petrobras health plan operation was completed. As of April, the Petrobras...
Cayman Islands Elections: Report
(Energy Analytics Institute, 31.Mar.2021) — “Determining the appropriate policy reforms to sustainably improve the socio-economic trajectory of the best-run country in the Caribbean, must feel like figuring out what gift...
Stellantis And Engie EPS Form JV
(Stellantis, 31.Mar.2021) — In a major step as they move towards the completion of their Joint Venture as announced on 26 January 2021, Stellantis and Engie EPS announced composition of...
Brazil’s 1P Reserves Decline In 2020
(Energy Analytics Institute, 31.Mar.2021) — Brazil’s crude oil and natural gas reserves fell in 2020 across 1P, 2P and 3P categories, according to details published by the country’s National Agency...
LatAm Briefs: Argentine Wages Issues, Pereyra To Step Down
(Energy Analytics Institute, 31.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentine oil workers threaten to strike in Vaca Muerta over wages, and Argentine oil union...
Jair Bolsonaro Sparks Political Crisis
(Reuters, 30.Mar.2021) — Brazil will replace the three heads of its armed forces, the Defense Ministry said on Tuesday, as Latin America’s biggest nation, already roiled by the pandemic, faced...
Aris Gold Announces 2020 Financial Results
(Aris Gold, 31.Mar.2021) — Aris Gold Corporation announces fourth quarter (Q4) and full year 2020 financial results from its wholly owned Marmato mine in Colombia. The company's 2020 Management's Discussion...
SkyX Expands Into South America
(SkyX, 30.Mar.2021) — SkyX, a leader in aerial intelligence powered by autonomous long-range UAV solutions, is announcing a new partnership with Servi Sud SRL, a service provider for the energy...
LatAm Briefs: Argentina’s IMF Payments, Odebrecht Arrest Warrants
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina only paying the IMF around $3.1bn in interest and arrest warrants being issued for...
Stellantis To Add To Electrified Range
(Reuters, 30.Mar.2021) — Stellantis, the world’s fourth largest carmaker, plans to offer an electric version of the Opel Astra and a hybrid Peugeot 308 among new additions to its electrified...
LatAm Briefs: Robots On Platforms, Oil Union vs. Shell Argentina
(Energy Analytics Institute, 30.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: the calculated oil industry wage savings from using robots on platforms instead of humans and...
How Pemex’s Wings Got Clipped
(Reuters, 30.Mar.2021) — Shortly before taking office late in 2018, President Andres Manuel Lopez Obrador vowed to boost crude oil production at Mexican giant Pemex by nearly half, following more...
Ecopetrol On Shareholders’ Meeting
(Ecopetrol, 29.Mar.2021) — Ecopetrol S.A. announced that at the ordinary General Shareholders' Meeting, held on 26 March 2021, the company's Shareholders approved the following: 1. The earnings distribution proposal presented...
Promigas To Host Virtual Investor Day
(Promigas, 29.Mar.2021) — Promigas S.A. E.S.P. will host a virtual Investor Day event on 29 April 2021 from 9:30 a.m. to 12:00 p.m. Eastern Time (8:30 to 11:00 a.m. Bogota...
ContourGlobal To Capture, Utilize CO2
(ContourGlobal, 29.Mar.2021) — ContourGlobal plc and Alpek, S.A.B. de C.V. formed a new company that is developing a CO2 capture and liquefaction facility for sale to the food, beverage, and...
Petrobras Dismisses HR Executive
(Petrobras, 29.Mar.2021) — Petrobras, regarding the pieces of news in the media, clarifies that today the Executive Manager of Human Resources was dismissed from the company for having failed to...
Maduro’s Eyes Buying Vaccines With Oil
(Reuters, 28.Mar.2021) — Venezuelan President Nicolas Maduro on Sunday proposed paying for vaccines against the novel coronavirus with oil, though he provided few details about how such a scheme would...
Committee Named For ISA Valuation
(Ecopetrol, 26.Mar.2021) — Ecopetrol S.A. reports that its Board of Directors, within the context of the potential acquisition of the 51.4% of the outstanding shares currently owned by the Ministry...
Sener To Decide On Zama Unitization
(Talos, 26.Mar.2021) — Talos Energy Inc. announced that the unitization process of the Zama field will enter its next phase, as established in Mexican regulation. The Mexican Ministry of Energy...
Lopez Obrador Eyes Oil Permits
(Reuters, 26.Mar.2021) — Lopez Obrador argues previous administrations skewed the energy market in favor of business interests and were intent on carving up national oil firm Petroleos Mexicanos (Pemex) and...
LatAm Briefs: Petrobras Form 20-F, Ecopetrol Eyes Net Zero
(Energy Analytics Institute, 25.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Brazil’s Petrobras filing its Form 20-F for 2020 and Colombia’s Ecopetrol announcing its commitment and...
INEOS Energy To Sell Norwegian Assets
(INEOS Energy, 25.Mar.2021) — INEOS Energy announced an agreement to sell its Oil and Gas business in Norway to PGNiG Upstream Norway AS for a consideration of $615mn. The deal...
Ecopetrol Eyes Net Zero Emissions By 2050
(Ecopetrol, 25.Mar.2021) — In line with its commitment to mitigate climate change, further the energy transition and its TESG agenda[1], Ecopetrol Group announces its goal of net zero emissions by...
CNOOC’s Production Hits Record High
(CNOOC Limited, 25.Mar.2021) — CNOOC Limited announced its 2020 annual results for the year ended 31 December 2020. In 2020, CNOOC Limited strengthened confidence, focused on its own development, proactively...
Kootenay Announces Drilling At Copalito Project
(Kootenay Silver, 25.Mar.2021) — Kootenay Silver Inc. announce that a 3,500-meter core drilling program has commenced at the Copalito gold and silver project, located in Sinaloa State, Mexico. The program...
Noble, Pacific Drilling Agree To Combine
(Noble, 25.Mar.2021) — Noble Corporation and Pacific Drilling Company LLC entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger...
Petrobras On Arbitration Decision
(Petrobras, 25.Mar.2021) — Petrobras, following up on the releases disclosed to the market on 22 June 2020 and 11 November 2020, announces that it received, on this date, a decision...
Bolivia, Germany Resume Talks Over Lithium Development
(Energy Analytics Institute, 24.Mar.2021) — Bolivia resumed negotiations with Germany for the industrialization of the South American country’s lithium reserves. Bolivia is also open to the possibility of the participation...
Favorable Conciliation Deal Between Frontera, CENIT And Bicentenario
(Frontera Energy, 24.Mar.2021) — Frontera Energy Corporation, Cenit Transporte y Logística de Hidrocarburos S.A.S. and Oleoducto Bicentenario de Colombia S.A.S. separately announced today that the Office of the Attorney General...
U.S. Thirst For Russian Oil Hits Record High
(Bloomberg, 24.Mar.2021) — The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their...
Barbados Implements IMF’s Enhanced General Data Dissemination System
(IMF, 24.Mar.2021) — Barbados has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing essential data through the National Summary Data Page (NSDP). The e-GDDS...
Key Petrobras Executives Set To Depart
(Petrobras, 24.Mar.2021) — Petrobras informs that Andrea Almeida, Chief Financial and Investor Relations Officer, Carlos Alberto Pereira de Oliveira, Chief Exploration and Production Officer, André Chiarini, Chief Trading and Logistics...
Heritage, EOG Ink Gulf Of Paria Deal
(Trinidad and Tobago Newsday, 24.Mar.2021) — Hailing a new deal for EOG Resources to explore for oil in the Gulf of Paria in a 14,000 hectare area owned by the...
WoodMac On Suez Canal Congestion
(WoodMac, 24.Mar.2021) — According to Wood Mackenzie’s VesselTracker – as of 24 March, one LNG vessel is "trapped” within the canal. The Golar Tundra loaded at Egypt’s Idku on 21...
LatAm Briefs: Kircher On IMF, OCP President Resignation
(Energy Analytics Institute, 24.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: Argentina’s Cristina Kircher insisting the International Monetary Fund (IMF) give Argentina lower debt rates, the...
Suez Canal Blockage Causes Vessel Build-up
(WoodMac, 24.Mar.2021) — The Suez Canal blockage has caused the build-up of vessels looking to transit the canal at both the northern and southern anchorages. Wood Mackenzie principal analyst Mark...
LatAm Briefs: Argentina And IMF, ANCAP 2020 Loss
(Energy Analytics Institute, 23.Mar.2021) — Energy briefs from the Latin America and Caribbean region including: the IMF contemplating lending $4.4bn to Argentina and Uruguay’s ANCAP reporting a $12mn loss in...
HPCL-Mittal Awaits Guyanese Crude Liza
(Reuters, 23.Mar.2021) — The first cargo from new oil producer Guyana to the world’s third-largest crude importer, India, departed this month from a production facility off the South American nation’s...
Guyana Oil Still At Peak Capacity: Hess
(S&P Global, 23.Mar.2021) — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the...
PetroPerú Guarantees Gas Supply
(PetroPerú, 23.Mar.2021) — Maintenance of the Pampa Melchorita plant will not affect natural gas users in the cities of Arequipa, Moquegua, Ilo and Tacna. Thinking about the well-being of its...
NIPSCO, EDP Renewables Eye Wind Farm And Solar Park
(EDP Renewables, 23.Mar.2021) — EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Northern Indiana Public Service Company, LLC (NIPSCO), a subsidiary...
SoCalGas Sets Net Zero Emissions Pledge
(Southern California Gas Co., 23.Mar.2021) — Southern California Gas Co. (SoCalGas), the largest gas utility in the US, today announced the company's bold commitment to achieve net zero greenhouse gas...
Bristow Achieves Int’l Safety Standard
(Bristow, 22.Mar.2021) — Bristow Group Inc. is the first helicopter operator in the UK to achieve a new mandatory international aviation safety standard designed to ensure the airworthiness of its...